Oylum adds 103,015 lira nominal value to share buyback
The latest purchase brings Oylum’s repurchased shares to 3.4049% of capital under a program scheduled to run through August 2027.
Key takeaways
- Oylum bought back shares with a nominal value of 103,015 lira on October 12 at 6.75 lira per share.
- The company says its cumulative buybacks reached 2,894,228 lira nominal value, or 3.4049% of its capital.
Oylum Sınai Yatırımlar repurchased shares with a nominal value of 103,015 lira on October 12, at 6.75 lira per share, according to a company disclosure to KAP. The transaction was made under the company’s buyback program.
Oylum said cumulative repurchases under the program reached 2,894,228 lira nominal value, equal to 3.4049% of its capital. A buyback means the company purchases its own existing shares; it changes ownership rather than providing new capital to the company.
The program, approved by the board on August 29, 2024, allows repurchases of up to 4,250,000 lira nominal value of shares, with 40,000,000 lira allocated. It is scheduled to run through August 29, 2027.
This article was produced with the help of AI technology. Source: Yahoo Finance
